India New Issue-IIFCL accepts bids for multiple tenor bonds, bankers say
MUMBAI, Dec 18 (Reuters) -India Infrastructure Finance Co (IIFCL) IIFCL.UL has accepted bids worth an aggregate of 12.90 billion rupees ($151.9 million) for bonds maturing in three years and three months and in 10 years, three bankers said on Tuesday.
The company will pay an annual coupon of 7.47% and 7.35%, respectively, on these bonds and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
IIFCL did not immediately reply to a Reuters request for comment.
Here is the list of deals reported so far on Dec. 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IIFCL | 3 years and 3 months | 7.47 | 7.40 | Dec. 18 | AAA (Care, India Ratings) |
IIFCL | 10 years | 7.35 | 5.50 | Dec. 18 | AAA (Care, India Ratings) |
Grasim Industries | 10 years | 7.21 | 20 | Dec. 18 | AAA (Crisil, Icra) |
Punjab & Sind Bank | 10 years | 7.74 | 30 | Dec. 18 | AA (Crisil, India Ratings) |
ICICI Prudential Life Insurance | 10 years | 8.03 | 10.40 | Dec. 18 | AAA (Crisil, Icra) |
HDB Financial Services | 2 years and 11 months | To be decided | 5+5 | Dec. 19 | AAA (Crisil, Care) |
LIC Housing Feb 2027 reissue | 2 years and 2 months | To be decided | 6+20 | Dec. 19 | AAA (Crisil, Icra) |
Bajaj Housing Finance | 3 years and 3 months | To be decided | 5+5 | Dec. 19 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 84.9375 Indian rupees)
Reporting by Dharamraj Dhutia
Editing by
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